Question: Chapter 19 homework G Help Save & Exit Submit Saved Check my work 4 Under its executive stock option plan, National Corporation granted 18 million

 Chapter 19 homework G Help Save & Exit Submit Saved Check

Chapter 19 homework G Help Save & Exit Submit Saved Check my work 4 Under its executive stock option plan, National Corporation granted 18 million options on January 1, 2018, that permit executives to purchase 18 million of the company's $1 par common shares within the next six years, but not before December 31, 2020 (the vesting date). The exercise price is the market price of the shares on the date of grant, $15 per share. The fair value of the options, estimated by an appropriate option pricing model, is $2 per option. Suppose that unexpected turnover during 2019 caused the forfeiture of 5% of the stock options. 4.34 points Skipped Compute the amount of compensation expense for 2019 and 2020. (Enter your answers in millions rounded to 2 decimal places (i.e 5,500,000 should be entered as 5.50) eBook Compensation expense (S in millions) Print 2019 2020

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!